Venturi Wealth Management LLC Boosts Stake in PVH Corp. (NYSE:PVH)

Venturi Wealth Management LLC lifted its holdings in shares of PVH Corp. (NYSE:PVH) by 63.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272 shares of the textile maker’s stock after buying an additional 106 shares during the period. Venturi Wealth Management LLC’s holdings in PVH were worth $27,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Scientech Research LLC boosted its holdings in shares of PVH by 608.6% during the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 9,743 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in PVH in the 1st quarter worth approximately $961,000. Quadrature Capital Ltd raised its stake in PVH by 215.3% during the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after buying an additional 15,976 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of PVH by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after buying an additional 21,790 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of PVH by 20.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 75,192 shares of the textile maker’s stock worth $10,573,000 after buying an additional 12,840 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets dropped their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Morgan Stanley decreased their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Guggenheim reduced their price objective on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.53.

PVH Stock Down 1.7 %

NYSE PVH opened at $102.09 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12 month low of $81.93 and a 12 month high of $141.15. The stock’s 50 day moving average is $97.87 and its 200 day moving average is $103.87. The stock has a market cap of $5.70 billion, a PE ratio of 8.10, a P/E/G ratio of 0.93 and a beta of 2.11.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. Research analysts predict that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is 1.19%.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.